Denver Sales Statistics November 2003
Metro Denver Prices:
| Single Family Average Price: |
Nov. 2003 – $283,766 |
| (Detached Dwelling) |
Oct. 2003 – $276,171 |
| |
Nov. 2002 – $275,304 |
| |
|
| Condo Average Price |
Nov. 2003 – $175,535 |
| |
Oct. 2003 – $177,291 |
| |
Nov. 2002 – $172,034 |
| |
|
| Combined Average Price |
Nov. 2003 – $258,532 |
| |
Oct. 2003 – $252,885 |
| |
Nov. 2002 – $249,806 |
|
Percent of Sales Price Change: (from Nov. 2002 to Nov. 2003)
| Single Family |
+3.05% |
| Condo |
+2.00% |
| Average |
+3.50% |
| Total Combined Number of Homes for Sale |
Nov. 2003 – 23,814 |
| |
Oct. 2003 – 25,181 |
| |
Nov. 2002 – 22.494 |
| |
|
Percent of Change in Available Inventory:
(Nov. 2002 vs Nov. 2003) |
5.9% |
| |
|
| Number of Combined Homes Sold this Month |
Nov. 2003 – 3,396 |
| vs. the same month last year: |
Nov. 2002 – 4.204 |
| vs. the previous month |
Oct. 2003 – 4,956 |
| |
|
| Average days on Market – Nov. 2003 vs Nov. 2002 |
Nov 2003 – 85.75 |
| (combined sales) |
Nov. 2002 – 68.75 |
| |
Oct. 2003 – 78.03 |
| |
|
| Absorption Rate: |
Nov. 2003 – 30.38 weeks |
| (number of weeks necessary to sell current |
Oct. 2003 – 22.02 weeks |
| combined inventory at current rate of sales) |
Nov. 2002 – 23.18 weeks |
| |
|
|
Prepared by
Larry D. McGee, CRS, CRB
The Berkshire Group
From data provided by Metrolist, Inc., does not include private or builder sales.
